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Details: Retail

Square Feet: 88,205 SF

Year Built: 1963

NOI: $324,426

North Market Place

3000 N Market St, Shreveport, LA 71107

INVESTMENT HIGHLIGHTS

  • Grocery-Anchored by Brookshire Grocery
  • Brookshire Grocery occupies 44,800 SF (51% of GLA) on a lease running through April 2032
  • Brookshire boasted a health ration of 0.11% in 2023 with ~$25.5M in sales
  • Sticky Tenancy & Long Weighted Average Lease Term (WALT)
  • Deeply embedded tenancy — Brookshire since 1986 and Subway since 1993
  • Current leasing momentum with a new WingStop lease signed in 2025 running through 2032
  • Major tenant lease terms extend through the 2030s
  • Value-Add Opportunity
  • 65% occupied with three vacant spaces (30,950 SF) offering value-add lease-up potential at market rates
  • Suites 120/130 offer 29,450 SF of junior-box space next to the anchor
  • Ability to Mark to Market near-term expirations in 2026 and 2027
  • Well-Balanced Tenant Mix

Daily-needs and service uses are internet-resistant and drive repeat visits

LOCATION HIGHLIGHTS

  • North Market Street Corridor Position
  • Positioned on US-71 / North Market Street, the primary north-south retail artery serving north Shreveport and Caddo Parish
  • 55,554 residents within 5 miles and 12,953 within 3 miles support daily-needs and service-oriented retail demand
  • Caddo Parish Employment Growth
  • SLB’s $30M expansion at the former GM plant is adding 600 direct jobs (1,344 total) beginning in 2026
  • Amazon’s $6B new data center is expected to add 709 more jobs to the Northwest Louisiana region

 

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